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Rosen is reportedly heading an investment company that would buy the 45 percent stake in the label currently held by Permira, the company that owns Valentino. Things looked suspicious when he was spotted at Proenza's table at a fashion gala awhile back, because you know business is going down when people like that eat together. Proenza designers Jack McCollough and Lazaro Hernandez own the remaining 55 percent stake with their CEO, Shirley Cook. [WWD]